I was on Fox Business this morning talking about U.S. bank’s exposure to Dubai and the significance of the whole Dubai debacle on the world
Watch the latest business video at FOXBusiness.com
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30
Nov
I was on Fox Business this morning talking about U.S. bank’s exposure to Dubai and the significance of the whole Dubai debacle on the world
Watch the latest business video at FOXBusiness.com
30
Nov
Dubai World has been planning for months to reschedule over $25 Billion in bad debts. The terms of the delay are expected to be explained over the next few weeks. The problem lies in the fears of the ripple effects of real and perceived – ripple effects – of real and perceived fears!
28
Nov
The big story of the week was the announcement by Dubai World, the investment arm of Dubai, that it is having trouble making payments on nearly $60 Billion. The funds were borrowed for various large-scale projects, ranging from man-made islands to massive hotels and skyscrapers, many of which are hemorrhaging money in the wake of [...]
26
Nov
Karl Marx would be pleased…well, maybe not. In any event, the world’s Central Banks are tired of the weak Dollar, and are separately taking matters into their own hands. [Before I continue, I should probably acknowledge the inherent dangers of lumping every Central Bank together under one umbrella. Still, given the current market environment, and [...]
25
Nov
I was on CNBC last night talking about the FOMC minutes and the outlook for the U.S. dollar and Australian dollar
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